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I think it can work fine so long as there are sufficient protections for renters. Rent control, long term contracts etc. I understand that this is the case in G
by VBprogrammer 8y ago
I think it can work fine so long as there are sufficient protections for renters. Rent control, long term contracts etc. I understand that this is the case in Germany.
Unfortunately this works by making property less attractive to investors, who are the people with a large amount of capital, who typically are those people who have influence over the political classes...
- ck425 8y agoThis. Scotland recently introduced indefinite tenancies and I'm extremely interested as a young professional and investor to see the impact it has long term. Funnily enough Corbyn wants to introduce it in England and everyone is up in arms. They keep comparing it to the German market forgetting that it's already a thing in Scotland.
- VBprogrammer 8y agoAs a Scot myself, living in London, I've more than once longed for the regulations that we had in Scotland. Even simple things like not being able to charge random fees makes it much easier to compare two or more properties on level terms.
- ck425 8y agoYou poor soul, come home! Joking aside it's still too early to see the effects of the new tenancy. I suspect it'll make properties harder to get for less attractive tenants and that there'll need to be incentives for landlords to take on such tenants in future. Probably still a net positive but we'll see.
- deleted 8y ago[deleted]
- jeffbax 8y ago"Rent control is the only thing more effective at destroying a city than bombing"